| Jun'14 | Jun'13 | Jun'12 | Jun'11 | |||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net Income | ||||||
988 | -1,385 | 497 | 706 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Net (accretion) of securities discounts and deferred loan fees and costs | ||||||
-13 | -263 | -136 | -71 | |||
Depreciation and amortization of premises and equipment | ||||||
496 | 567 | 602 | 654 | |||
Stock based compensation and allocation of ESOP stock | ||||||
311 | 428 | 443 | 457 | |||
Provision for loan losses | ||||||
600 | 4,044 | 2,217 | 1,686 | |||
Loss on impairment of other real estate owned | ||||||
- | 64 | - | - | |||
Loss on sale of other real estate owned | ||||||
142 | 62 | 31 | -61 | |||
Deferred income taxes | ||||||
448 | -494 | - | - | |||
Income from bank owned life insurance | ||||||
217 | 217 | 201 | 196 | |||
Unrealized gain on trading securities | ||||||
- | 1 | -8 | 13 | |||
(Increase) decrease in accrued interest receivable | ||||||
89 | -112 | 7 | -12 | |||
(Increase) decrease in other assets | ||||||
-644 | -257 | -64 | -199 | |||
Increase in other liabilities | ||||||
69 | 77 | 39 | 168 | |||
Net Cash Provided by Operating Activities | ||||||
3,095 | 3,127 | 3,495 | 3,663 | |||
Cash Flows from Investing Activities: | ||||||
Activity in held to maturity securities: | ||||||
Purchases | ||||||
- | - | 61,618 | 34,247 | |||
Purchases | ||||||
8,380 | 71,755 | - | - | |||
Maturities, calls and principal repayments | ||||||
4,262 | 41,622 | 52,632 | 40,030 | |||
Net increase in loans receivable | ||||||
9,203 | -10,674 | -9,594 | -9,395 | |||
Purchase of premises and equipment | ||||||
100 | 49 | 164 | 57 | |||
Increase (decrease) in advance payments by borrowers for taxes and insurance | ||||||
- | - | -80 | - | |||
Cash dividends paid to minority shareholders | ||||||
- | 56 | 218 | 221 | |||
(Purchase) redemption of Federal Home Loan Bank of NY stock | ||||||
- | 476 | 423 | 104 | |||
Purchase of bank owned life insurance | ||||||
- | 588 | 0 | - | |||
Purchase of Federal Home Loan Bank of New York stock | ||||||
565 | 462 | - | - | |||
Purchase of Federal Home Loan bank of New York stock | ||||||
- | - | 0 | - | |||
Redemption of Federal Home Loan Bank of New York stock | ||||||
202 | - | 19 | - | |||
Capitalized improvements of other real estate owned | ||||||
87 | 72 | - | - | |||
Capitalized improvements of other real estate owned | ||||||
- | - | 0 | - | |||
Redemptions of Federal Home Loan Bank of New York stock | ||||||
- | - | - | 20 | |||
Proceeds from the sale of other real estate owned | ||||||
2,045 | 2,276 | 1,921 | 1,699 | |||
Proceeds from sale of other real estate owned | ||||||
- | 53 | 0 | - | |||
Net Cash (Used in) Provided by Investing Activities | ||||||
-11,826 | -18,301 | 2,384 | 16,840 | |||
Cash Flows from Financing Activities: | ||||||
Net (decrease) increase in deposits | ||||||
-17,078 | -3,331 | -2,377 | -10,226 | |||
Advances from Federal Home Loan Bank of New York | ||||||
11,500 | 10,000 | - | - | |||
Increase (repayment) of advance from FHLB of NY | ||||||
3,500 | - | - | - | |||
Increase in advance payments by borrowers for taxes and insurance | ||||||
-362 | -35 | - | 120 | |||
Net Cash Provided by (Used in) Financing Activities | ||||||
-8,716 | 6,172 | -3,098 | -10,671 | |||
Net Decrease in Cash and Cash Equivalents | ||||||
-17,447 | -9,002 | 2,781 | 9,832 | |||
Supplementary Cash Flows Information | ||||||
Interest paid | ||||||
2,425 | 2,723 | 3,338 | 4,239 | |||
Interest paid | ||||||
1 | 239 | 401 | 652 | |||
Loan receivable transferred to other real estate | ||||||
1,695 | 2,736 | - | 1,554 | |||
Loan receivable transferred to other real estate | ||||||
- | - | 1,029 | - | |||